SlykRaise is an innovation in compliant community crowdfunding pioneered by Slyk.

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Generally U.S. law prohibits the sale of securities, i.e. upside in your startup, to investors who do not meet the Security and Exchange Commission's requirements. These requirements are generally based on the wealth of the investor, which means that people who aren't wealthy don't have access to investments in startups that could make them wealthy.

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In 2016 the SEC authorized a path by which people who had not yet achieved the wealth to meet the investor requirements can invest in the upside of startups like the ones that Slyk makes it easy to launch and grow. ‍

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Regulation Crowdfunding enables eligible companies to offer and sell securities through crowdfunding provided they take place online through an SEC-registered intermediary, either a broker-dealer or a funding portal. Slyk has registered as a crowdfunding portal with the SEC and SlykRaise makes it easy for Slyk-based startups with at least 1,000 active members to share the upside with their community via crowdfunding.

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Some restrictions apply:

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1. •  $5 million through crowdfunding offerings in a 12-month period.
2. •  Limit the amount individual non-accredited investors can invest across all crowdfunding offerings in a 12-month period.
3. •  Require disclosure of information in filings with the Commission and to investors and the intermediary facilitating the offering.
4. •  Securities purchased in a crowdfunding transaction generally cannot be resold for one year.
5. ‍•  SlykRaise makes it easy for Slyk-based startups to share the upside with their community and sell that upside using any of the forms of payment supported by SlykPay.
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Additional Information and Resources

1. • Staff Guidance on EDGAR Filing of Form C
   • What is an accredited investor?
   • Press Release: SEC Harmonizes and Improves “Patchwork” Exempt Offering Framework
   • Compliance Guide: Facilitating Capital Formation and Expanding Investment Opportunities by
   • Improving Access to Capital in Private Markets
   • Temporary Amendments to Regulation Crowdfunding; Extension
   • Press Release: SEC Provides Temporary, Conditional Relief to Allow Small Businesses to Pursue
   • Expedited Crowdfunding Offerings
   • Compliance Guide for Crowdfunding Issuers
   • Compliance Guide for Funding Portal Registration
   •Compliance Guide for Crowdfunding Intermediaries
   • Press Release: SEC Adopts Rules to Permit Crowdfunding
   • Staff Report: Regulation Crowdfunding June 2019
   • Staff Guidance: Regulation Crowdfunding Compliance and Disclosure Interpretations
   • Frequently Asked Questions Regarding Regulation Crowdfunding and Intermediary Requirements
   • Investor Bulletin: Crowdfunding for Investors
   • Investor Bulletin: Crowdfunding Investment Limits Increase
   • Investor Bulletin: Be Cautious of SAFEs in Crowdfunding
   • U.S. Securities-based Crowdfunding Under Title III of the JOBS Act ​

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SlykPay is an innovation in payment processing for startups. It makes it easy for Slyk Startups with at least 250 active members to receive payments in every form of payment that Slyk supports, crypto, fiat, e-wallets, bank transfers, credit/debit cards, and more, and receive payments in the fiat or cryptocurrency of their choice.

The magic of tech startups is that they solve big painful problems for millions of people around the world.

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SlykPay makes it easy for startups to sell to anyone in the world, receive payments (for sales or investment) in any fiat or crypto currency, and have those transfers settle in the fiat or cryptocurrency of their choice.

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For example, a Slyk startup with at least 250 active members can receive payments for its services from clients paying with bitcoin, Paypal, or credit/debit cards, but receive these payments settled as bitcoin in their Coinbase account or USD in their bank account.

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SlykPay also makes it easy for Slyk startups governed by DAOs to process cryptoasset withdrawals and deposits so that Slyk-based Coin rewards can be withdrawn to onchain wallets and cryptoassets can be deposited to a startup's private wallet network to purchase goods and services offered by the startup.

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Coin to Crypto or Crypto to Coin, Slyk makes it easy for startups to take advantage of all the flexibility, transparency, and global accessibility of decentralized money and payment networks.

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Want to see how it works. Check out pay.slyk.io, Slyk's payment processing Slyk for the Slyk app premium services.

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Dogfooding is how Slyk builds everything.

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More questions? Get in touch at support@slyk.io

Play-to-earn is about incentives, this for that, quid pro quo, symbiosis. If you participate according to the rules of the game, you are rewarded.

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Startups are play-to-earn, if you add value, you earn upside in the startup. You can add value by helping a startup grow or by providing capital to build the startups product.

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Slyk is a tool that makes it easy for startups to launch fast, grow fast, and raise money fast from its users, collaborators, believers, and early adopters.

Once an ecomm currency has been chosen and an item added to your Slyk catalog, you must follow these steps to change:

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1 - Delete all items from your catalog.

2 - Settings > Payment Methods > Deactivate all active payment methods in that currency

3 - Settings > Advanced > Currencies & Assets > Find new currency > Click ellipsis (three dots to the right) > click Activate.

4 - Make new currency your ecomm currency by clicking again on the ellipsis and clicking "Set as default currency."

5 - Go back to Settings > Payment Methods and enable how you want to get paid in that currency.

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If you have any issues you can always reach us at support@slyk.io

You can connect your existing Stripe account to begin accepting credit and debit card payments. If you don't have a Stripe account, go to www.stripe.com to get started.

Yes! You will have to use a different email address to log in as the admin, however. Start a new Slyk for each new business or idea you have! Slyk is the fastest, easiest way to launch a business online, to test out product ideas, and to find product-market fit. 

Easy. Just choose BTC as your ecomm currency and choose one or more of the BTC-denominated payment methods.

We are connecting new payment methods all the time. Send us a message at support@slyk.io and let us know your preferred method of payment.

Slyk makes it easy to reward the world for helping you grow (sales, uses, community, and more). One way Slyk makes it easy is with Web2 marketing rewards. You can configure them easily in the Growth section of your Slyk.

Just choose the Web2 sharing you want to reward and set the currency (default is the same as your Ecomm currency but you can also set up a custom currency reward, i.e. your own coin), and the amount. The Reward is only triggered once per member who shares their invite link.

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Slyk takes care of checking (via Web2 APIs) that a member of your community has shared their invite link and that it has been clicked on by someone else.

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You can also offer Custom Rewards.

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Let your imagination run wild and incentivize anything you want. For example, you might offer a reward for your followers who shout out your Slyk their Instagram Stories. Or for posting a video of your performance on TikTok. It's totally up to you how you want to incentivize your community to grow! 

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Have more questions? Contact us: support@slyk.io.

Slyk makes it easy for startups to reward their clients and community for bringing more sales. Just set the percentage of the sale you want to you reward members with when they bring you new sales by sharing their invite link.

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For example, if Jim invites Pam to my Slyk and Pam buys something from me for $100, and my referral reward is set at 20%, Jim earn $20 in rewards that can be uses as a discount for future purchases.

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Slyk referral sales rewards can be configured as multi-level, such that if your member invites a new buyer they earn X% and if that new buyer invites a new buyer the original inviter earns Y%.

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If Pam invites Dwight to my Slyk, and he buys something for $100, Pam earns $20 and Jim earns $4.

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Have questions? Contact us at support@slyk.io.